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Gold rate jumps by over Rs4,000 per tola in Pakistan


Gold price in Pakistan

KARACHI: On Wednesday, gold prices in Pakistan saw a significant rise, mirroring global trends, according to figures provided by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The price of gold in the local market surged by Rs4,250, bringing the rate to Rs287,450 per tola.

Similarly, the price of 10 grammes of gold also witnessed an increase, reaching Rs246,440 after a jump of Rs3,642. Just a day earlier, on Tuesday, gold prices had already risen by Rs300, settling at Rs283,200 per tola.

In addition to gold, the price of silver also saw an upward trend. The price per tola of silver increased by Rs59.4, now standing at Rs3,431.

It is worth mentioning that gold had previously reached its highest-ever value of Rs287,900 per tola in October last year.

On the international market, gold prices also surged on Wednesday. APGJSA reported that gold was trading at $2,751 per ounce (including a $20 premium), a $40 increase during the day.

Globally, gold prices climbed to their highest point in over 11 weeks, approaching the record high set last year. This rise was driven by investor demand for a safe haven, amidst concerns surrounding US trade policies and a weaker dollar.

By 0502 GMT, spot gold had risen by 0.3 per cent to $2,751.89 per ounce, having earlier reached its highest since November 1. It is now nearing the all-time peak of $2,790.15, set in October. US gold futures also gained 0.3 per cent, reaching $2,768.40.

Recent gold price movements in Pakistan (January 2025):

January 1: 24-karat gold increased to Rs273,600 per tola, up by Rs1,000.

January 2: Gold prices continued to rise, reaching Rs274,700 per tola, a gain of Rs1,100.

January 3: Another increase of Rs2,200 brought the price to Rs276,900 per tola.

January 4: Gold prices fell by Rs1,200, settling at Rs275,700 per tola.

January 6: A decrease of Rs700 took the price to Rs275,000 per tola.

January 7: Prices rebounded, gaining Rs1,000, with gold priced at Rs276,000 per tola.

January 8: Gold gained another Rs1,000, reaching Rs277,000 per tola.

January 9: A further increase of Rs1,300 brought the price to Rs278,300 per tola.

January 10: Gold gained Rs1,100, reaching Rs279,400 per tola.

January 11: The price of gold increased by Rs1,400, reaching Rs280,800 per tola.

January 13: Gold prices fell by Rs1,500, bringing the price to Rs279,300 per tola.

January 14: Another drop of Rs1,400 brought the price down to Rs277,900 per tola.

January 15: Prices surged by Rs2,900, reaching Rs280,800 per tola.

January 16: Gold gained Rs1,400, settling at Rs282,200 per tola.

January 17: Prices increased again by Rs400, bringing the price to Rs282,600 per tola.

January 18: A slight dip of Rs200 saw gold prices settle at Rs282,400 per tola.

January 20: Gold price increased by Rs500 to Rs282,900 per tola.

January 21: Gold rate surged by Rs300 per tola to Rs283,200 per tola.

Read next: Gold prices jump to 11-week high amid policy uncertainty, soft dollar

 

 

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